Savings and Certificates of Deposit
Passbook Savings Record each deposit and withdrawal with a traditional Passbook Savings Account.
- $300 minimum opening balance.
- Earns interest on minimum balance of $300
(compounded daily and credited quarterly).
- No monthly maintenance fee as long as minimum
balance of $300 is maintained.
Statement Savings
Our Statement Savings account takes advantage of all the features of our passbook savings account (except the passbook), and adds the flexibility of greater access to your money.
- $300 minimum opening balance.
- Earns interest on minimum balance of $300 (compounded daily and credited monthly) .
- No monthly maintenance fee as long as minimum balance of $300 is maintained.
- Ability to transfer funds between accounts.
- Free 24/7 access with Online Banking and Telephone Banking.
- Easy-to-read monthly statements detailing all your transactions.
- Optional combined Savings and Checking Statements.
Children's Accounts
Because Northfield would like to help children learn about the importance of saving money, we offer "My Very Own Savings Account" for minors who are old enough to sign their names (minimum age of 8). This account earns interest as long as there is a positive balance in the account and incurs no monthly maintenance fees.
Teach your children the importance of savings money with "My Very Own Savings Account".
Certificates of Deposit (CD's)
With a Certificate of Deposit (CD), you receive a higher rate of return on your investment because your deposit is invested for a fixed period of time. We offer a wide range of CDs, with flexible terms from 30 days to 5 years with minimum balances as low as $2,500. You may withdraw interest earned during the current term, or withdraw the entire amount at the end of the term. You have a seven-day grace period that begins on the maturity date. A penalty will be imposed for early withdrawal. Please speak to a customer service representative at your local branch for more details.
** Transaction limitations apply to savings accounts. Federal regulations limit withdrawals and transfers to six per statement period, three of which may be made by check. Speak to a customer service representative for complete details.
|